Semtech (NASDAQ:SMTC) is trading 0.3% higher (up $0.05 to $18.32) today on volume of 85,026 shares. The stock is trading near its 52-week high of $19.00. We are watching for a close above that level.

Semtech is currently above its 50-day moving average of $17.06 and above its 200-day moving average of $13.88.

SmarTrend is bullish on shares of SMTC and our subscribers received an Uptrend alert on July 16, 2009 at $17.00, which has returned 7.8% to date.

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